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168 results for "Theory of Constraints"

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  • What is Throughput Accounting?

    Throughput Accounting (TA) can be understood as a simplified accounting system based on Theory of Constraints (ToC) principles. TA makes growth-driven management and decision making simpler and understandable even for people not familiar with traditional accounting. Beyond simplifying, TA has a d...

    Tags: Theory of Constraints, cost, inventory, Net Profit, Operating Expenses, ROI, Theory of constraints, Throughput, Throughput Accounting, throughput analysis

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  • Critical Chain Project Management alone is not enough

    Critical Chain Project Management (CCPM) alone is not enough to drastically reduce a project’s duration and improve the development process efficiency. CCPM is a proven Project Management approach to ensure a project, any project, will meet its finishing date without compromising quality no...

    Tags: Lean Engineering, Operational Excellence, Theory of Constraints, TLS, CCPM, Critical Chain Project Management, Fever Chart, Lean engineering, Lean thinking

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  • Schragenheim’s concise history of constraints

    The definition of a constraint in Theory of Constraints (TOC) has varied as the corpus grew and matured. Still today it is confusing for newbies to sort out what is meant with “constraint”, depending how they got their basics in TOC. Thanks to Eli Schragenheim, one of TOC’s foun...

    Tags: Theory of Constraints, bottleneck, Eli Goldratt, Eli Schragenheim, Theory of constraints

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  • If making money is your goal, throughput is your obsession

    In a for-profit organization making money is the goal and the limitation to making more money is called a constraint. Conversely, a constraint is a limiting factor to get more out of the system. There is only one constraint which is the most limiting factor restricting the Throughput. Throughpu...

    Tags: Theory of Constraints, bottleneck, constraint, Throughput

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  • My takeaways from throughput accounting, the book

    I knew the author, Steven M. Bragg from his podcast series “Accounting Best Practices with Steven Bragg” before I came across his book “throughput accounting, a guide to constraint management” published by Wiley & sons, 2007. Book presentation The hard cover book has...

    Tags: Theory of Constraints, bottleneck, cost accounting, DBR, Throughput Accounting

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  • We are all Lean now. What’s next?

    Every once in a while, for nearly 30 years, the question arises: “what’s the next big thing after Lean?”, suggesting that the askers are done with Lean. We write July of 2016 and it seems that everybody is Lean now. Many people have been repeatedly exposed to Lean methods and t...

    Tags: Lean Enterprise, Lean Management, Theory of Constraints, TLS, Critical Chain Project Management, future of lean, Lean, Logical Thinking Process

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  • Time Constraints? Try This…

    If you’re looking for a way to increase your productivity, and most of us are, you can take some powerful inputs from the Theory of Constraints. Every day, we all have to perform a number of tasks in different areas of our lives. Clearly, we can’t give equal attention to everything, ...

    Tags: Systems Thinking, systems view of the world, Theory of Constraints, Inventory, operating expense, throughput, throughput accounting, time constraints, time management, variation

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  • Constraints? Not a Bad Thing

    On a client’s website, they rightfully explain that their technology frees their customers of certain constraints. What exactly do we mean by constraints and are they a totally bad thing? We all want more freedom. A constraint would seem, by definition, to be something that robs us of free...

    Tags: Systems Thinking, systems view of the world, Theory of Constraints, constraint, Goldratt, Thinking Process Tools

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  • How to Optimize Performance in an Organization

    What happens when more than one person or more than one entity work together in the same direction? Is the result just the simple sum of their efforts? The answer to this question is yes, but… ONLY when the elements involved are independent of each other. In the theory of systems, the glo...

    Tags: Synchronized production, Systems Thinking, systems view of the world, Theory of Constraints

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  • Why and How to Build a Purpose-Driven Organization

    An increasing number of organizations are talking about purpose. Purpose is the reason for which something exists. But when people talk about purpose they don’t just mean a goal. They mean purposefulness, a deeper meaning, a higher purpose. This is what some call the purpose economy, o...

    Tags: Systems Thinking, systems view of the world, Theory of Constraints, complexity, Deming, Goldratt, organization, purpose, purpose-driven organization

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